Latest news with #InTheKnow
South China Morning Post
05-05-2025
- Entertainment
- South China Morning Post
Who is Kylie Jenner's bestie, lash technician Yris Palmer? She's also done lashes for Arianna Grande and Selena Gomez, and she's dating pro basketball player Troy Daniels
Yris Palmer, long-time bestie of beauty mogul Kylie Jenner , was spotted cosying up with the Kardashians at the socialite family's intimate Christmas Eve dinner last year. Here's everything you need to know about Yris Palmer. She was a lash technician for A-list celebs Yris Palmer is from El Salvador. Photo: @yrispalmer/Instagram Advertisement Yris Palmer, who hails from El Salvador, was Jenner's lash technician several years ago. Her lash clientele also included the likes of Ariana Grande and Selena Gomez In a 2020 interview with In The Know, Palmer spoke of her relationship with Jenner and the Kardashian family. 'About six years ago, I started doing her lashes, and her whole family, they're just very, very sweet,' Palmer said. 'Slowly but surely, we started building a relationship, and over every year it's just gotten stronger and stronger' she added. Launching her own business Yris Palmer owns lash extension business Star Lash Extension. Photo: @yrispalmer/Instagram In 2014, Palmer launched her own lash extension business, Star Lash Extension, offering high-quality eyelash extension products. Her business also offers training programmes for aspiring lash technicians. The beauty entrepreneur has since earned major success as a lash expert. Outside her own business, Palmer is also committed to investing in female-founded businesses and empowering women of colour.
Yahoo
27-04-2025
- Business
- Yahoo
Cathie Wood buys $10 million of tumbling tech stock
Cathie Wood, chief of Ark Investment Management, is known for making bold moves, often buying when stocks are falling. This week, she bought a stock that's still sliding even as markets began to recover from tariff-driven losses. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Wood's funds saw a short-lived boost after Donald Trump won the presidency last November, but the gains didn't last. Ark's flagship fund, the Ark Innovation ETF () , is down 11.47% year-to-date as of April 25, while the S&P 500 and the Nasdaq Composite lost 6.06% and 9.98% during the same period, respectively. Wood's remarkable gain of 153% in 2020 won her a loyal following, but her uneven long-term performance has made others skeptical of her aggressive style. As of April 24, Ark Innovation ETF, with $5 billion under management, has delivered an annualized three-year return of negative 1.59% and a five-year return of negative 0.70%. In comparison, the S&P 500 index has a three-year annualized return of 10.38% and a five-year return of 15.86%. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' the 10 years ending in 2024, the Ark Innovation ETF erased $7 billion in shareholder wealth, according to a recent analysis by Morningstar's Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in the ranking. Wood recently raised concerns about Trump's tariffs on her "In The Know with Cathie Wood" channel. "Things do feel a bit chaotic out there and the markets are convulsing as a result. There's a lot of uncertainty," she said. She warned that if Trump's tariff plan isn't handled carefully, it could cause a bear market or recession, though she's hopeful that negotiations could ease tensions. 'Trump wants to be one of the greatest presidents ever... he's not going to get there by throwing the economy into a recession and the stock market into a bear market,' she said. Not all investors share Wood's optimism. The Ark Innovation ETF has seen a net outflow of $2.13 billion over the past 12 months through April 24, according to ETF research firm VettaFi. On April 22 and 23, Wood's Ark funds bought 418,938 shares of Iridium Communications () . That chunk of stock is valued at roughly $9.7 million. The purchase was made as the satellite communications company's stock has dropped 20% in the past is a global satellite communications company based in McLean, Va. It operates the Iridium satellite constellation, a network of 66 active satellites providing mobile voice and data communications. Its clients include governments and enterprises worldwide. This week, Iridium reported rosy earnings per share of 27 cents, up 69% from last year. Revenues of $214.9 million increased by 5% and are ahead of estimates. But Iridium's stock has been sliding, down 2.57% in the past 5 days as the S&P surged 4.59%. Year-to-date, the stock is down more than 20%. Iridium CEO Matt Desch recently said the company is dealing with higher costs from tariffs, with only about a quarter of its equipment sold to U.S. customers. "With new tariffs and U.S. trade policies still in flux, we expect to incur incremental equipment costs this year," said Iridium's CEO, Matt Desch. Desch said tariffs could add about $3 million in costs this year, which Iridium plans to absorb without raising prices. Investment firm William Blair upgraded Iridium stock to outperform from market perform following the earnings, saying the stock has more than 20% upside over the next year. Fund manager buys and sells Legendary fund manager sends blunt message on stock tumble Veteran fund manager unveils 4 ways market could rebound Fund manager who forecast S&P 500 crash unveils surprising update The firm noted Iridium's strong free cash flow, even in a weak economy, and pointed to solid partnerships with the U.S. government. Wood has been steadily building a position in Iridium since early February. The stock now ranks as the second-largest holding in the Ark Space Exploration & Innovation ETF () , making up 8.29% of the portfolio with 938,976 shares, according to in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Cathie Wood buys $3 million of Nvidia, AMD stock after tumble
Cathie Wood, head of Ark Investment Management, often adjusts her holdings, buying more when prices drop and selling when they rise. Over the past week, she picked up some stocks at a lower price as markets reacted to changing tariff news from President Donald Trump. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Wood's funds had a short-lived boost after Trump won the presidency last November, but those gains didn't last. Her flagship fund, the Ark Innovation ETF () , is down 19.9% year-to-date as of April 22, while the S&P 500 and the Nasdaq Composite lost 10.1% and 15.6% during the same period, respectively. Opinions on Wood vary. She is a visionary to her supporters with a remarkable 153% return in 2020. However, her longer-term performance has raised doubts about her aggressive, opportunistic approach. As of April 22, Ark Innovation ETF, with $5 billion under management, has delivered an annualized three-year return of negative 5.90% and a five-year return of negative 2.09%. In comparison, the S&P 500 index has a three-year annualized return of 9.04% and a five-year return of 15.33%. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' the 10 years ending in 2024, the Ark Innovation ETF erased $7 billion in shareholder wealth, according to a recent analysis by Morningstar's Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in the ranking. Wood recently questioned Trump's tariffs during the "In The Know with Cathie Wood' channel. "Things do feel a bit chaotic out there and the markets are convulsing as a result. There's a lot of uncertainty," she said. Wood warned that if Trump's tariff plan isn't managed carefully, it could trigger a bear market or even a recession. Still, she's hopeful things will calm down as the negotiations move forward. 'Trump wants to be one of the greatest presidents ever... he's not going to get there by throwing the economy into a recession and the stock market into a bear market,' she said. Not all investors share Wood's optimism. The Ark Innovation ETF has seen a net outflow of $2.08 billion over the past 12 months through April 21, according to ETF research firm VettaFi. On April 22, ARK's autonomous tech ETF () added to its semiconductor holdings, buying 11,000 shares of Nvidia () valued at $1.09 million and 24,800 shares of Advanced Micro Devices () valued at $2.14 million. Last week, AMD and Nvidia said they expect rising costs from the Trump administration's new export curbs on AI chips to China, adding pressure to their already tumbling share prices amid market new rules target chips like AMD's MI308 and Nvidia's H20, which were designed to follow earlier trade restrictions but still allow business in China. AMD expects up to $800 million in charges from the change, while Nvidia estimates a $5.5 billion hit. Bank of America lowered its price targets on AMD and Nvidia after the shipment ban. The firm lowered AMD's target to $105 from $110, keeping a neutral rating. It cut Nvidia's stock price target to $150 from $160 while maintaining a buy firm expects the ban to reduce AMD's 2026 sales and earnings by about 3% to 4%, and Nvidia's by 4% to 5%. Still, it believes Nvidia's China exposure is 'generally de-risked' and sees recent volatility as a buying opportunity. Year-to-date, Nvidia and AMD stocks are down 26.4% and 28.6%, respectively. Last week, on April 16, Wood's Ark Innovation ETF bought 60,266 shares of Robinhood Markets Inc () , which is valued at roughly $2.54 million today. The purchase came after the stock tumbled 7.8% the previous day, following Fed Chair Jerome Powell's comments that rattled investor sentiment. Wood last bought Robinhood shares between March 28 and April 3, picking up 332,077 shares worth roughly 14 million over five consecutive trading days. The buy came as the stock dipped from its February peak of $65 amid broader market volatility. Robinhood is known for its commission-free trading platform. It generates revenue through various streams, including payment for order flow (PFOF), interest earned on customer cash balances, margin lending, and subscription services. As of 2024, the company reported having 25.2 million funded customers and managing $193 billion in assets under custody. In early April, Morgan Stanley downgraded Robinhood to equal weight from overweight with a price target of $40, down 56% from $90, according to The firm cited a more challenging macro backdrop and growing demand for risk hedging, warning that weaker retail engagement could weigh on Robinhood's trading revenue and prompting it to lower its EPS forecasts. Fund manager buys and sells Legendary fund manager sends blunt message on stock tumble Veteran fund manager unveils 4 ways market could rebound Fund manager who forecast S&P 500 crash unveils surprising update Wood has shown strong interest in Robinhood since its 2021 IPO, making it one of her largest positions in her portfolio. As of April 22, she held $209.1 million worth of Robinhood shares, accounting for 4.55% of the ARK Innovation ETF and ranking as the fund's eighth-biggest holding. Robinhood closed at $42.09 on April in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Cathie Wood buys $22 million battered tech stock amid tariffs
Cathie Wood, chief of Ark Investment Management, frequently adjusts her top positions, adding to a holding when the stock falls and selling when it rises. Last week, she made some eye-catching buys as markets swung on President Donald Trump's shifting tariff policies. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Wood's flagship fund, the Ark Innovation ETF () , is down 19.7% year-to-date as of April 14, while the S&P 500 and the Nasdaq Composite lost 8.1% and 12.8% during the same period, respectively. The ETF has wiped out the post-election gains since last November. Opinions on Wood vary. To her supporters, she is a visionary with a remarkable 153% return in 2020. However, her longer-term performance has raised doubts about her aggressive, opportunistic approach. As of April 14, Ark Innovation ETF, with $5 billion under management, has delivered an annualized three-year return of negative 8.47% and a five-year return of negative 0.11%. In comparison, the S&P 500 index has a three-year annualized return of 8.38% and a five-year return of 15.74%. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' the 10 years ending in 2024, the Ark Innovation ETF erased $7 billion in shareholder wealth, according to a recent analysis by Morningstar's Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in the ranking. Wood recently questioned Trump's tariffs on the "In The Know with Cathie Wood' channel. "Things do feel a bit chaotic out there and the markets are convulsing as a result. There's a lot of uncertainty," she said. Wood warned that if Trump's tariff plan isn't managed carefully, it could trigger a bear market or even a recession. Still, she's hopeful things will calm down as the negotiations move forward. 'Trump wants to be one of the greatest presidents not going to get there by throwing the economy into a recession and the stock market into a bear market,' she said. Not all investors share Wood's optimism. The Ark Innovation ETF has seen a net outflow of $2.09 billion over the past 12 months through April 11, according to ETF research firm VettaFi. On April 7, 8, and 10, Wood's Ark Innovation ETF bought 128,093 shares of Coinbase Global Inc. () . That chunk of stock is valued at roughly $22.6 million. The purchase was made as the stock slid to its lowest since last September. Coinbase operates the largest U.S. cryptocurrency exchange and generates revenue through transaction fees from cryptocurrency trading on its platform. Last year, the stock gained 42.7%, driven by higher crypto asset prices and continued Coinbase One subscriber growth. Coinbase's stock price is closely related to crypto prices. The stock lost 29% year-to-date as cryptocurrencies plunged. Trump's tariffs have raised recession fears, which could make riskier assets like bitcoin less appealing to investors. Wood's last Coinbase stock purchase was in March, when she bought 38,865 shares for roughly $8 million. That purchase followed Trump's announcement that his administration is working to create a Crypto Strategic Reserve that will include five cryptocurrencies: bitcoin, ether, XRP, solana, and cardano. Fund manager buys and sells Legendary fund manager sends blunt message on stock tumble Veteran fund manager unveils 4 ways market could rebound Fund manager who forecast S&P 500 crash unveils surprising update Coinbase is one of Wood's biggest holdings in her portfolio. As of Dec. 31, 2024, she held $753.5 million in Coinbase, making up 6.24% of all the Ark funds. The stock ranked as the third-largest position, according to 13-F filings tracked by WhaleWisdom. Alongside the Coinbase buy, Wood also added 340,959 shares of Nvidia, 50,627 shares of Amazon, and 95,699 shares of Tempus AI last in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Cathie Wood buys $15 million of tumbling Nvidia stock
Cathie Wood just made a move that raised eyebrows. The Ark Invest CEO, typically laser-focused on under-the-radar tech names, ventures into a popular mega-cap stock. On April 7, she bought $15 million shares of an AI giant that's been struggling for weeks, likely looking to take advantage of the recent market selloff. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Wood's flagship fund, the Ark Innovation ETF () , is down 29.7% year-to-date as of April 8, while the S&P 500 and the Nasdaq Composite lost 15.3% and 19.4% during the same period, respectively. The ETF has wiped out the post-election gains since last November. Opinions on Wood vary. To her supporters, she is a visionary with a remarkable 153% return in 2020. However, her longer-term performance has raised doubts about her aggressive, opportunistic approach. As of April 7, Ark Innovation ETF, with $4.96 billion under management, has delivered an annualized three-year return of negative 12.3% and a five-year return of negative 0.4%. In comparison, the S&P 500 index has a three-year annualized return of 5.6% and a five-year return of 15.5%. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology and robotics. Wood says these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Over the 10 years ending in 2024, the Ark Innovation ETF erased $7 billion in shareholder wealth, according to a recent analysis by Morningstar's Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in the ranking. Wood recently questioned President Donald Trump's tariffs on April 4 during the "In The Know with Cathie Wood' channel. The markets have been in turmoil since Trump returned office. On April 2, Trump announced another round of sweeping tariffs of at least 10% on key U.S. trade partners, and the S&P 500 index lost 10% in the two following called the move 'reciprocal,' arguing that other countries have taken advantage of the U.S. for too long. Wood questioned that. 'We know how he calculated his version of reciprocity, but it doesn't seem to make very much sense,' she said. "Things do feel a bit chaotic out there and the markets are convulsing as a result. There's a lot of uncertainty." Wood warned that if Trump's tariff plan isn't managed carefully, it could trigger a bear market or even a recession. Still, she's hopeful things will calm down as the negotiations move forward. 'Trump wants to be one of the greatest presidents ever... he's not going to get there by throwing the economy into a recession and the stock market into a bear market,' she said. But not all investors share Wood's optimism. The Ark Innovation ETF has seen a net outflow of $2.33 billion over the past 12 months through April 7, with $33 million exiting in the past five days, according to ETF research firm VettaFi. On April 7, Wood's Ark Innovation ETF bought 151,979 shares of Nvidia () . That chunk of stock is valued at roughly $15.2 million. The purchase was made after the stock slid 14% last week, bringing its year-to-date loss to 28.3%. Nvidia shares rose 171% in 2024 and was one of the top performers of the S&P 500 and the Nasdaq. It's often seen as the bellwether for AI-driven growth in the tech sector, given its dominance in supplying the chips that power data centers and generative AI applications. While the White House recently said semiconductors are excluded from tariffs, the disruption could still ripple through downstream electronics manufacturing and could impact demand for supply chain is largely based in the Asia-Pacific region, with much of its chip production relying on foundries like Taiwan Semiconductor Manufacturing Company () . CEO Jensen Huang said he doesn't expect tariffs to have a big effect on Nvidia's outlook and that the company plans to move more of its manufacturing to the U.S. in the future. 'Tariffs will have a little impact for us short term,' he said. However, even before the tariff announcement, Nvidia had been wrestling with headwinds. The chipmaker's stock sank nearly 20% in Q1 2025, weighed down by the rollout of China's cheap AI model, DeepSeek, disappointing earnings, and a broader tech sell-off caused by economic uncertainties. After the new tariffs, analysts at HSBC downgraded Nvidia's stock to hold from buy with a price target of $120, down from $175. They pointed to limited GPU pricing power going forward and increasing mismatches in the supply chain. Meanwhile, Bank of America analysts named Nvidia, alongside Broadcom () , Lam Research () , and Cadence Design Systems () , as the firm's top semiconductor picks after the tariffs, citing solid balance sheets and strong fundamental exposure in AI, cloud, and complex computing. According to Wood's last Nvidia buy was in Q3 2022, when she added 7 million shares. Since then, she has steadily trimmed her stake. Fund manager buys and sells Legendary fund manager sends blunt message on stock tumble Veteran fund manager unveils 4 ways market could rebound Fund manager who forecast S&P 500 crash unveils surprising update As of April 8, the stock is not among the top 10 holdings of the Ark Innovation ETF. Alongside the Nvidia buy, Wood also added 16,881 shares of Amazon () worth nearly $3 million, 84,514 shares of cryptocurrency exchange Coinbase () worth $12.5 million, and 40,358 shares of China tech stock Baidu () worth $3 in to access your portfolio
